| DPnet.– The Law of Diminishing Returns will cause the global economy to grow at a slower and slower pace, until it starts to shrink and enters terminal decline in 5 to 6 years from now. And when analysts do consider debt, the outlook becomes a lot worse. The world is imminently headed toward a crisis on multiple fronts. There's not much time to act. |
Top Predictions for 2025
The political trends that appeared, seemingly against all odds, in 2024 are going to accelerate.
The climate changed with Trump's election. That was emblematic, but similar things are happening in other countries. The conservative/libertarian AfD will likely oust the current German government, which resembles that of old East Germany. Castro’s son will be dethroned in Canada. And almost everywhere, even the media, has come to recognize that the Milei revolution in Argentina is succeeding.
It’s becoming apparent that progressivism and wokeism are morbid. White males are less afraid of committing thought crimes, being canceled, or being labeled racist or sexist. DEI, ESG, and Woke values are retreating. These trends will grow, even while leftists, statists, and socialists pull out all the stops to resist them.
It’s funny that the WEF and their ilk still talk about 2030 as being a magic year because the change in the trend that started in 2024 runs counter to everything that the WEF and the progressives were aiming for in 2030.
I’m surprised—and very pleased—to see what looks like a cultural sea change. But we’re still on the cusp of a giant financial crisis. If the markets meltdown, the kaleidoscope could reset mass psychology radically. The fundamentals remain very shaky. The climate and CO2 hysteria are ingrained in the public psyche. And there’s an excellent chance the usual suspects will try to ramp up another vaccine hysteria. A bird flu seems to be on the dance card for 2025.
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It’s necessary to note that several assumptions underlying that motivation are debatable. The answer to what Politico’s writers characterized as “finicky water supplies” is to build more water supply infrastructure and reform delta management. It’s also incumbent on proponents of massive photovoltaic installs to evaluate the heat island impact of 200 square miles of absorbent black panels. We must also mention the biggest elephant in the room, the fact that even with battery storage so photovoltaic panels can supply continuous electricity day and night, there are massive seasonal fluctuations. In 2023, California’s utility-scale photovoltaics generated 4,456 gigawatt-hours in June, but only 1,832 in December. If California goes even bigger on photovoltaics, good luck selling your power in June.
Hambruna (1932-33) causada por el desatino soviético-estalinista.